Transcend Capital Advisors LLC Raises Holdings in NIKE, Inc. (NYSE:NKE)

Transcend Capital Advisors LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 9,305 shares of the footwear maker’s stock after buying an additional 260 shares during the quarter. Transcend Capital Advisors LLC’s holdings in NIKE were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC grew its position in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. Planned Solutions Inc. purchased a new position in NIKE in the fourth quarter worth about $29,000. Mizuho Securities Co. Ltd. grew its position in NIKE by 100.0% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 170 shares in the last quarter. NewSquare Capital LLC grew its position in NIKE by 372.0% in the fourth quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 279 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in NIKE by 134.2% in the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on NKE shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Telsey Advisory Group dropped their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. Evercore ISI dropped their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Finally, Wells Fargo & Company dropped their target price on NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Up 0.2 %

Shares of NYSE NKE opened at $94.12 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a market capitalization of $142.06 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.09. The stock has a 50 day moving average price of $96.96 and a 200 day moving average price of $103.37. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Sell-side analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is 43.53%.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.